Being innovative to transform COCOBOD – CEO

Company News of Friday, July 19, 2019

Source: Kenneth Osei Ampofo

2019-07-19

The Honorable Joseph Boahen Aidoo, CEO of the Ghana Cocoa Board (COCOBOD), called on managers and board directors to work in innovative ways to change the fate of the cocoa industry.

Hon Boahen Aidoo made the call when he briefed officials and directors of headquarters, divisions and subsidiaries during a meeting held at Cocoa House in Accra on key issues regarding the industry. cocoa.

He explained the new course that COCOBOD draws; that is, the implementation of Productivity Improvement Programs (PIPs) and other interventions and how to ensure that these programs lead to the successes envisioned by the board.

The head of COCOBOD revealed that it was the first time that the council was meeting in this way because of the importance it attached to its new programs.

He added that COCOBOD is committed to changing the destiny of the cocoa sector: "We do not want you to be on the periphery, but rather that you are active in the implementation of the programs formulated because of the important roles that you play. "

L & # 39; Hon. Boahen Aidoo suggested that management and board staff should position themselves to put the sector on the right track.

"If you do not play your role well, when there is success, it will be difficult for you to be part of the celebration," adding, "We want to change traditional methods to adopt modern methods of cocoa management. industry in this new chapter of COCOBOD & # 39;, he concluded.

Mr. Ray Ankrah, Deputy Director General for Finance and Administration, said that COCOBOD's financial policy had changed and that it was necessary to know how to act accordingly to help the sector move forward smoothly.

He noted that without good funding, nothing can be done calling for financial prudence in the implementation of all programs by the Council. He called for the justification of all the expenses before they could be approved for implementation. "This time, regardless of the expenses we incurred, we should increase our output and beat our own record of production yield of one million metric tons"

He added that it was important for the board to find ways to pay the cost of financing and break with the 27 years of syndicated credit for cocoa purchases. He concluded that, to do this, COCOBOD had to learn to live within its means in the new paradigm.